Bitcoin Cash (BCH)

Current price: $ 141.43

24 hours price change: $ -7.45 (-5.00%)

Daily analysis of Bitcoin Cash (BCH) - 1 year

The performance of Bitcoin Cash regarding the price differs every day. To make the best decision to buy Bitcoin Cash, we are analysis in this article the performance of Bitcoin Cash on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on February 20th, 2018 to February 19th, 2019.

In the barchart below, the weekdays and average performance of Bitcoin Cash are shown side by side.

Average daily change in price of Bitcoin Cash per weekday between 02/20/2018 and 02/19/2019.

According to the performance of Bitcoin Cash between February 20th, 2018 and February 19th, 2019, Bitcoin Cash performed the best on Saturdays. On average, the price of Bitcoin Cash increased 0.84% on Saturday.

The weekday on which the Bitcoin Cash performed the worst, is Wednesday. On Wednesdays, the Bitcoin Cash declined in value on average by -1.36%.

Bitcoin Cash weekday performance

On an average Sunday, the Bitcoin Cash increased 0.55%. However, since the expected deviation is 3.68%, the Bitcoin Cash will decline in value on a Sunday quiet regularly. The expected price change of the Bitcoin Cash on a Sunday is between -3.13% and 4.24%.

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Monday. The average change on a Monday for the Bitcoin Cash is -0.13%. However, the standard deviation on this weekday is 4.92%. This means that on most Mondays, the change in value of the Bitcoin Cash is between -5.05% and 4.79%.

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bitcoin Cash is -0.16%. However, the standard deviation on this weekday is 3.93%. This means that on most Tuesdays, the change in value of the Bitcoin Cash is between -4.09% and 3.77%.

The Bitcoin Cash declines in value on an average Wednesday with -1.36%. However, the uncertainty (or standard deviation) is quite large, namely 4.94%. This means that it is not possible to say whether on a regular Wednesday the Bitcoin Cash will increase or decrease in value.

Bitcoin Cash increased in value on an average Thursday only slightly. The average increase in value of the Bitcoin Cash was 0.00%. Allthough the Bitcoin Cash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.34%). This means that on 68 percent of the Thursdays, the change in price of the Bitcoin Cash is expected to be in the range of -4.33% and 4.34%.

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Friday. The average change on a Friday for the Bitcoin Cash is -0.06%. However, the standard deviation on this weekday is 4.25%. This means that on most Fridays, the change in value of the Bitcoin Cash is between -4.30% and 4.19%.

Historical performance on Saturday do not show an increase in value of the Bitcoin Cash on which a prediction can be made. The Bitcoin Cash increased in value on average on an average Saturday with 0.84%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Saturday is between -2.54% and 4.21% (see also the table below).

Bitcoin Cash weekday performance details

Find below the details of the performance of Bitcoin Cash per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.55%3.68%-3.13% to 4.24%
Monday-0.13%4.92%-5.05% to 4.79%
Tuesday-0.16%3.93%-4.09% to 3.77%
Wednesday-1.36%4.94%-6.30% to 3.58%
Thursday0.00%4.34%-4.33% to 4.34%
Friday-0.06%4.25%-4.30% to 4.19%
Saturday0.84%3.37%-2.54% to 4.21%